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$pETH
Borrow $pETH and swap to ETH or use it to get yield

pETH is the Ether synthetic of JPEG'd. It is minted when a user borrows against their NFT and burned when they decide to repay their loan. Unlike the standard 2% interest rate for borrowing PUSd, the standard interest rate is 5% for borrowing pETH.
Like PUSd, pETH is overcollateralized by the value of the NFTs in JPEG'd vaults.
- It can be used to earn yield by providing liquidity in the Curve Factory pool. To learn how to get yield with pETH read our guide.
A user cannot borrow both pETH and PUSd from the same vault.
Last modified 20d ago